NSE’s market capitalisation rises by N164 billion
Despite price losses that outweighed gains, equity transactions on the Nigerian Stock Exchange closed in an upbeat yesterday, as major highly capitalised stocks appreciated in price, causing market capitalisation increased by N164 billion.
Yesterday, 17 stocks appreciated in price, while 22 constituted the losers chart.
Specifically, Dangote Cement topped the gainers chart with 7.80 per cent to close at N134.00 per share. Unilever followed with 4.94 per cent to close at N31.84 per share. PZ Cussons gained 4.78 per cent to close at N21.90 per share. United Capital added 4.51 per cent to close at N1.39 per share. Cutis gained 4.35 per cent to close at N1.44 per share.
Unity Capital added 3.03 per cen6t to close at N0.68 per share. Oando garnered 2.37 per cent to close at N3.88 per share. UAC-Properties and Guaranty Trust Bank added 2.06 and 1.56 per cent to close at N5.46 and N16.24 per share.
First City Monument Bank gained 1.14 per cent to close at N0.89 per share. NPF Micro finance Bank gained 1.01 per cent to close at N1.00 per share.
However, Conoil led others on the losers ‘chart with 9.36 per cent to close at N20.25 per share while PharmDeko followed with 4.89 per cent to close at N2.14 per share. Tiger Brands lost 4.80 per cent to close at N1.19 per share. Neimeth and Sterling Bank dropped 4.65 and 4.47 percent to close at N0.84 and N1.71 per share.
Learn Africa lost 4.44 per cent to close at N0.86 per share. May&Baker shed 4.35 per cent to close at N0.88 per share. NEM and Okomuoill dropped 4.23 and 3.48 per cent to close at N0.68 and N27.99 per share. Livestock lost 3.08 per cent to close at N1.26 per share. Guinness shed 2.32 per cent to close at N1.26 per share.
Continental Reinsurance also shed 2.00 per cent to close at N0.98 per share.
Consequently, the All-share in rose by 475.23 points or 1.9 per cent from 23,501.87 recorded on Friday to 23,977.10 while market capitalisation rose by N164 billion from N8,082 trillion to N8,241 trillion.
The banking subsector dominated in volume terms with 40.9 million shares worth N142 million. Transactions in the sector was boosted by activities in the shares of United Bank for Africa and Access Bank with 15 million shares and 2.9 million units worth N43 million and 12 million.
In all, investors exchanged 190 million shares worth N1.7 billion in 2,748 deals, lower than a total of 554 million units valued at N4.3 billion that changed hands in 2,304 deals on Friday.
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